The approval of Proposal 68 authorizes core contributors to begin the complex logistics of transitioning ZETA into a native Solana SPL token. Under this plan, the token supply remains unchanged, with a 1:1 conversion ratio for holders. A notable technical adjustment will see the token’s decimal precision shift from 18 places to nine, with balances rounded down for any fractional amounts below the new threshold. Existing vesting schedules will remain in effect throughout the transition.
This vote serves only as an initial authorization; a second governance action, designated as Proposal 2, will be required to finalize the migration mechanics. This subsequent step will define the specific block height for the balance snapshot, the schedule for the Layer 1 network halt, and coordination protocols with centralized exchanges. Validators are expected to continue their operations and staking rewards will persist until the formal shutdown date established in the second proposal.

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